1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Digiron [165]
4 years ago
8

A company estimates that overhead costs for the next year will be $8,320,000 for indirect labor and $155,500 for factory utiliti

es. The company uses machine hours as its overhead allocation base. If 400,000 machine hours are planned for this next year, what is the company's plantwide overhead rate
Business
1 answer:
Serhud [2]4 years ago
7 0

Answer:

The company's plantwide overhead rate is 21.19%

Explanation:

given information:

indirect labor = $8,320,000

factory utilities = $155,500

machine hours = 400,000

to calculate the overhead rate, we can use the following formula

overheadrate = \frac{Indirectcost}{allocationmeasure}

in this case.

the indirect cost = indirect labor + factory utilities

                           = $8,320,000  + $155,500

                           = $8,475,500

allocation measure = 400,000

thus,

overheadrate = \frac{8,475,500}{400,000}

                     = 21.19%

You might be interested in
An investment adviser has been formed and the firm and its representatives file their first registration with the State on July
dexar [7]

Answer and Explanation:

B. The firm's registration and its representatives' registrations lapsed after December 31st of the preceding year

6 0
3 years ago
A U.S. firm buys merchandise today to a Japanese company for ¥100,000,000. The current exchange rate is ¥110.58/$, the account i
-Dominant- [34]

Answer:

d. transaction loss; $3,695

Explanation:

Calculations:

Today  ¥110.58 can be exchanged by $1

<h3>US firm to pay today = 100,000,000/110.58 = 904322.66</h3>

US firm had to pay $904322.66 today.

US firm chooses to pay three months after the transaction and do not uses any hedging technique.

Three months later on settlement date  ¥110.13 can be exchanged by $1, so less  ¥ can be exchanged now than three months ago ( ¥110.58). Now US firm would incur transaction loss. Translation loss/gain occurs when balance sheet of a firm is converted from one currency to another.

<h3>US firm to pay 3 months later = 100000000/110.13 = 908017.79</h3>

US firm to pay $904322.66 three months later

<h3>Transaction gain/loss = $904322.66 - $908017.79 = -$3695.13 </h3>

So US firm incurs loss of $3695.13, rounded off to $3695

6 0
4 years ago
Which field deals with behavioral issues as well as technical issues surrounding the development, use, and impact of information
xz_007 [3.2K]

Information systems for management. focuses on the development, usage, and effect of information systems utilized inside an organization, as well as behavioral and technical concerns related to these topics.

A management information system (MIS) is a type of information system used in organizations for information coordination, control, analysis, and visualization as well as decision-making. People, procedures, and technology are all involved in the organizational setting of the study of management information systems.

What three different types of management information systems are there?

Operational-level systems, management-level systems, and strategic-level systems are the three primary kinds of information systems that serve various organizational levels.

To know more about Information systems for management.

brainly.com/question/14688347

#SPJ4

7 0
2 years ago
An increase in government spending raises income: a. and the interest rate in the short run, but leaves both unchanged in the lo
Elina [12.6K]

An increase in government spending raises income (B) in the short run, but leaves it unchanged in the long run, while lowering investment.

<h3>What is government spending?</h3>
  • All government purchases, investments, and transfer payments are included in what is known as government spending or expenditure.
  • Government final consumption spending is defined in national income accounting as the purchase by governments of goods and services for immediate consumption, to primarily meet the individual or collective needs of the community.
  • Government investment is defined as the purchase of goods and services by the government with the intention of generating future benefits, such as infrastructure investment or research spending (government gross capital formation).
  • Together, these two categories of government spending—on final consumption and gross capital formation—make up one of the primary parts of the GDP.

Therefore, an increase in government spending raises income (B) in the short run, but leaves it unchanged in the long run, while lowering investment.

Know more about investments here:

brainly.com/question/25300925

#SPJ4

4 0
2 years ago
Should a firm shut down if its weekly revenue is ​$1 comma 000​, its variable cost is ​$600​, and its fixed cost is ​$800​, of w
kifflom [539]

Answer: The correct answer is "C. produce because revenue of ​$1 comma 000 is greater than fixed costs.".

Explanation: The firm should produce because the revenue of 1000 is enough to cover the fixed costs and part of the variables (1000 - 800 - 600 = (-400)) so that the loss is less than if it stopped producing despite the avoidable costs (800 - 350 = 450) since if it stopped producing it would have a loss of $ 450 and producing it would have a loss of $ 400.

7 0
3 years ago
Other questions:
  • An inexperienced accountant for Ayayai Corp. showed the following in the income statement: income before income taxes $250,000 a
    7·1 answer
  • Brenda sold investment land for $200,000 in June. Her basis in the land was $75,000. The purchaser paid Brenda $40,000 cash and
    10·1 answer
  • Frosty Inc. has the following balances on December 31 prior to closing entries: Revenues $ 35,000 Retained Earnings, Jan. 1 10,0
    14·1 answer
  • QUESTION 5 Which of the following is a primary responsibility of the Federal Reserve Bank? Establish monetary policy Collect tax
    11·1 answer
  • As a student in the Principles of Management class of Ama Ghana University, you are expected to have experiential knowledge so t
    14·1 answer
  • Ty, the HR manager at Elrod Engines, is preparing a newly promoted employee for her role as a supervisor. In his experience, he
    7·1 answer
  • When looking for pre-approval on a car loan you should... select the loan that has the longest repayment period. get a loan from
    10·1 answer
  • Explain fayols 14 principle of management in any organization
    5·1 answer
  • Hamner Time has sales of $122,000, costs of $54,600, depreciation of $32,800, interest of $12,000, and a tax rate of 21 percent.
    8·1 answer
  • When we put a price tag on goods and services, we are using money as a Group of answer choices store of value. barter token. mea
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!